This 1938 Ranch has a lot of possibilities! This 7.3 acre ranch could be a multigenerational family compound, development opportunity, farm, investment or horse property.This property can be split into up to (5) 1 acre plus lots. Buyer to check with city of Arroyo Grande to verify.There is a 2 bedroom 2 Bathroom home, Living Room with very intricate woodwork and a wood burning rock fireplace, kitchen, a bonus room with french doors out to a large front deck, part of the home has been converted into an attached 1 bedroom 1 bath apartment with a full kitchen and laundry. There is a detached studio with an area for kitchenette, 3/4 bath, living room, bedroom area and a large deck.The garage is approximately 1,000 Sq. Ft. it has upgraded electrical, large picture windows, and front door. This building offers a lot of possibilities. The lower section of the property is prime farmland, great for a garden, fruit trees or a large pasture. The new owner will have to connect to city sewer and water,located at the bottom of driveway. The property is being sold 'AS IS' seller will do no reports or repairs. Seller will provide a home warranty.
Sold for $1,600,000
$1,600,000
587 Valley Rd, Arroyo Grande, CA 93420
2beds
1,658sqft
Single Family Residence
Built in 1938
7.32 Acres Lot
$-- Zestimate®
$965/sqft
$3,044 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,044/mo
Zestimate® history
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Bonus roomDetached studioLarge front deckFruit treesFrench doorsFull kitchenLarge picture windows
Zillow last checked:
Listing updated:
Listed by:
Cynthia Harrigan DRE#: 02000329 805-441-6300,
Century 21 Masters
Bought with:
Alexandra Irene Watanabe, DRE#: 02082955
Redfin Corporation
Source: North Santa Barbara County MLS,MLS#: 23001850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Lower
Dining room
- Features: In Living
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Oven/Range-Gas, Dryer, Refrigerator, Microwave, Washer, Dishwasher
- Laundry: Inside
Features
- Flooring: Carpet, Wood
- Windows: Double Pane Windows
Interior area
- Total structure area: 1,658
- Total interior livable area: 1,658 sqft
Property
Features
- Levels: One
- Patio & porch: Deck
Lot
- Size: 7.32 Acres
- Features: Horses Allowed
Details
- Additional structures: Tool Shed, Guest House, Workshop, Additional Dwelling Unit
- Parcel number: 006095025
- Zoning description: Single Family
- Special conditions: Agent Rel/Princ
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Raised
- Roof: Metal,Shingle
Condition
- Year built: 1938
Utilities & green energy
- Water: Well
- Utilities for property: Cable Available
Green energy
- Green verification: Unknown
- Energy efficient items: Unknown
- Energy generation: None
Community & HOA
HOA
- Has HOA: No
Location
- Region: Arroyo Grande
Financial & listing details
- Price per square foot: $965/sqft
- Tax assessed value: $1,664,640
- Date on market: 10/26/2023
- Cumulative days on market: 2 days
- Listing terms: New Loan,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Listing removed | $1,650,000+3.1%$995/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #CRPI23057877 Report a problem | ||
| 1/9/2024 | Sold | $1,600,000-3%$965/sqft |
Source:  North Santa Barbara County MLS #23001850 Report a problem | ||
| 1/2/2024 | Pending sale | $1,650,000$995/sqft |
Source:  CRMLS #PI23057877 Report a problem | ||
| 10/29/2023 | Contingent | $1,650,000$995/sqft |
Source: CRMLS #PI23057877 Report a problem | ||
| 10/4/2023 | Price change | $1,650,000-7%$995/sqft |
Source: CRMLS #PI23057877 Report a problem | ||
| 7/3/2023 | Listed for sale | $1,774,000-1.4%$1,070/sqft |
Source: CRMLS #PI23057877 Report a problem | ||
| 6/5/2023 | Contingent | $1,799,000$1,085/sqft |
Source: CRMLS #PI23057877 Report a problem | ||
| 5/3/2023 | Price change | $1,799,000-5.3%$1,085/sqft |
Source: CRMLS #PI23057877 Report a problem | ||
| 4/10/2023 | Listed for sale | $1,899,000+8.5%$1,145/sqft |
Source: CRMLS #PI23057877 Report a problem | ||
| 7/28/2020 | Listing removed | $1,750,000$1,055/sqft |
Source: Bond Real Estate Group #PI20089623 Report a problem | ||
| 5/11/2020 | Listed for sale | $1,750,000$1,055/sqft |
Source: Bond Real Estate Group #PI20089623 Report a problem | ||
| 4/6/2020 | Listing removed | $1,750,000$1,055/sqft |
Source: CHAMPION Real Estate #PI20042849 Report a problem | ||
| 2/27/2020 | Listed for sale | $1,750,000$1,055/sqft |
Source: CHAMPION Real Estate #PI20042849 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,664,640 +2% |
| 2025 | $17,433 +1404.5% | $1,632,000 +1386.1% |
| 2024 | $1,159 +1.2% | $109,817 +2% |
| 2023 | $1,145 +1.5% | $107,665 +2% |
| 2022 | $1,128 +0.2% | $105,555 +2% |
| 2021 | $1,126 +1.2% | $103,486 +1% |
| 2020 | $1,113 +0.7% | $102,426 +2% |
| 2019 | $1,105 +1.2% | $100,419 +2% |
| 2018 | $1,092 +1.7% | $98,451 +2% |
| 2017 | $1,074 +5.9% | $96,521 +2% |
| 2016 | $1,014 | $94,630 +1.5% |
| 2015 | $1,014 +4.6% | $93,210 +2% |
| 2014 | $970 | $91,385 +2.5% |
| 2012 | -- | $89,190 +2% |
| 2011 | -- | $87,442 +0.8% |
| 2010 | -- | $86,789 -0.2% |
| 2009 | -- | $86,996 |
Find assessor info on the county website
Neighborhood: 93420
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Nearby schools
GreatSchools rating
- 7/10Harloe Elementary SchoolGrades: K-6Distance: 0.8 mi
- 6/10Paulding Middle SchoolGrades: 7-8Distance: 1.1 mi
- 9/10Arroyo Grande High SchoolGrades: 9-12Distance: 0.4 mi
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- California
- San Luis Obispo County
- Arroyo Grande
- 93420
- 587 Valley Rd
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